Investments at the bank include blockchain network Ripple. XRP is currently one of the top cryptocurrencies in the market.
After the recent crash in the crypto market, the central US bank planned to introduce cryptocurrency funds.
The company’s onyx division was under construction for five years when it was founded and employed more than 100 people.
Barclays is not any ordinary bank, it is one of the best banks in terms of investment, that has exposed cryptocurrencies and their potential.
UBS is making great strides with private stablecoins. UBS’ financial institutions Santander, Lloyds Banking have developed utility tokens for cross-border transactions.
On BNY’s Fireblock is a platform that allows financial institutions to issue, move and store cryptocurrencies.
Morgan Stanley is the first US bank to offer its wealth management clients to access Bitcoin assets. Around March 2021
Goldman Sachs has not always been on board with crypto. It denied considering cryptocurrencies as an asset class but finally reconsidered its decision.
Citibank is the fourth-largest bank in the US by assets has invested in SETL, whose ledger technology is used to move cash and other assets.
The institution’s securities services are currently experimenting with the transfer of security tokens, taking a step forward to provide custodial services for digital assets.
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